This loan is special because:

It reaches low-income borrowers through its group lending methodology.

Kate Kiva staff

More about this loan

About EDAPROSPO:

EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

A portion of En Busca Del Progreso Group’s $1,800 loan helps a member to invest in wood and materials for prefabicated houses.